Money: Hydro One reports Q1 profit down on costs to end Avista deal, dividend up - - PressFrom - Canada
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MoneyHydro One reports Q1 profit down on costs to end Avista deal, dividend up

17:40  09 may  2019
17:40  09 may  2019 Source:   msn.com

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No heat or hot water for 6 days at North York condo building A North York condo building went six days without hot water and heat before the services were restored Thursday afternoon.

TORONTO - Hydro One Ltd. raised its dividend as it reported its first -quarter profit fell compared with a year ago as it was hit by costs related to the cancellation of its deal to buy U.S. utility Avista Corp. The power utility says it will now pay a quarterly dividend of 24.15 cents per share, up from its

Hydro One Ltd. raised its dividend as it reported its first -quarter profit fell compared with a year ago as it was hit by costs related to the cancellation of its deal to buy U.S. utility Avista Corp. The power utility says it will now pay a quarterly dividend of 24.15 cents per share, up from its earlier payment to

Hydro One reports Q1 profit down on costs to end Avista deal, dividend up© Provided by Canadian Press Enterprises Inc

TORONTO — Hydro One Ltd. raised its dividend as it reported its first-quarter profit fell compared with a year ago as it was hit by costs related to the cancellation of its deal to buy U.S. utility Avista Corp.

The power utility says it will now pay a quarterly dividend of 24.15 cents per share, up from its earlier payment to shareholders of 23 cents.

The increased payment to shareholders came as Hydro One reported a profit of $171 million or 29 cents per diluted share for the quarter ended March 31, down from $222 million or 37 cents per diluted share a year ago.

Revenue totalled $1.76 billion, up from $1.58 billion in the first quarter of 2018.

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Hydro One Ltd. raised its dividend as it reported its first -quarter profit fell compared with a year ago as it was hit by costs related to the cancellation of its deal to buy U.S. utility Avista Corp. The power utility says it will now pay a quarterly dividend of 24.15 cents per share, up from its earlier payment to

Two state regulators subsequently turned down Hydro One ’s takeover bid. Hydro One earned a profit of 4-million on revenues of .6-billion in the most recent quarter, the three months that 30, which means the US3-million termination fee to Avista will amount to approximately 70 per cent of

On an adjusted basis, which excluded the cost to Hydro One to cancel its deal to buy Avista after U.S. regulators said the deal would not sufficiently safeguard customers from the whims of the Ontario government, the utility earned 52 cents per diluted share, up from 35 cents per diluted share a year ago.

Analysts on average had expected a profit of 42 cents per share for the quarter, according to Thomson Reuters Eikon.

Companies in this story: (TSX:H)

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This is interesting!